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The final certified proxy tabulation of the Annual Shareholder Meeting showed that all items on the ballot passed with the requisite vote of stockholders required for authorizing such proposals. Specifically:
- Vote to elect four (4) directors of the Company to serve until the 2009 Annual Meeting of Stockholders or until their successors have been duly elected and qualified (Proposal 1). Approved by over 78 percent of the vote for all directors.
- Vote to amend our Certificate of Incorporation, as amended, to effect a 1-for-300 reverse split of our common stock (Proposal 2). Approved by over 64 percent of the vote representing a majority of the issued and outstanding shares of common stock.
- Vote to ratify the selection of LBB & Associates Ltd., LLP (LBB & Associates) as our independent auditors for the fiscal year ending December 31, 2008 (Proposal 3). Approved by over 99 percent of the vote.
- Vote to transact such other business as may properly come before the Meeting and any adjournment or postponement thereof (Proposal 4). Approved by over 97 percent of the vote, although no other business came before the Annual Meeting.
"Our shareholders' support for these proposals were critically important for helping CoroWare grow its business, generate investor interest in CoroWare as a long-term investment, and continue to attract and retain talented employees,'' said Lloyd Spencer, Interim CEO of CoroWare, Inc. "I wish to thank our shareholders for their patience and enduring support.''
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